Stochastic Coordination of the Wind and Solar Energy Using Energy Storage System Based on Real Time Pricing

In this paper, Stochastic synchronization of the Wind and Solar Energy Using Energy Storage system based on real-time pricing in the Day Ahead-Market Along with taking advantage of the potential of Demand Response programming, has been analyzed. Since renewables energies, loads and prices are uncertain, and planning is based on real-time pricing, the optimal biding proposition considers the wind power, solar system, and energy storage system. Uncertainty is addressed to solve the bidding strategy in a day-ahead market for optimal wind and PV power and optimal charging for energy storage. Batteries are the most promising device to compensate for the fluctuations of wind and photovoltaic power plants to mitigate their uncertainty. In general, using MILP is a suitable approach to address uncertainty as long as a linear formulation is acceptable for modeling either with continuous variables or integer ones. By setting some scenarios to formulate market prices, imbalance of energy, wind and solar system, the uncertainty problems could be easily solved by MILP solver. The model created enables the retailer to realize the potentials of the demand response program and exploit high technical and economic advantages. To ensure fair prices, a set of regulating constraints is considered for sales prices imposed by the regulation committees. A model is presented to optimize the electricity trading strategy in the electricity market, considering the uncertainty in the wholesale market price and the demand level. The retailer considered in this paper is a distribution company that is the owner and operator of the networks and operates under real-time pricing regulations. To model demand response, the elasticity coefficient is used. The proposed solution is implemented on a standard 144-bus sample network using a nonlinear integer programming method. The presented method results provide helpful and valuable information based on the optimal method proposed by the retailers considering the Demand response program and real-time pricing (RTP) system.

Demand response program for smart grid through real time pricing and home energy management system

Aim of demand response (DR) programs are to change the usage pattern of electricity in such a way that, beneficial to the consumers as well as to the distributors by applying some methods or technology. This way additional cost to erect new energy sources can be postponed in power grid. Best method to implement demand response (DR) program is by influencing consumer through the implementation of real time pricing scheme. To harness the benefit of DR, automated home energy management system is essential. This paper presents a comprehensive demand response system with real time pricing. The real time price is determined after considering price elasticity of various classes of consumers and their load profiles. A real time clustering algorithm suitable for big data of smart grid is devised for the segmentation of consumers. This paper is novel in its design for real time pricing and modelling and automatic scheduling of appliances for home energy management. Simulation results showed that this new real time pricing method is suitable for DR programs to reduce the peak load of the system as well as reducing the energy expenditure of houses, while ensuring profit for the retailer.

Distributed real-time pricing for smart grid considering sparse constraints and integration of distributed energy and storage devices

Purpose The purpose of this paper is to seek an efficient method to tackle the energy provision problem for smart grid with sparse constraints and distributed energy and storage devices. Design/methodology/approach A complex smart grid is first studied, in which sparse constraints and the complex make-up of different energy consumption due to the integration of distributed energy and storage devices and the emergence of multisellers are discussed. Then, a real-time pricing scheme is formulated to tackle the demand response based on sparse bilevel programming. And then, a bilevel genetic algorithm (BGA) is further designed. Finally, simulations are conducted to evaluate the performance of the proposed approach. Findings The considered situation is widespread in practice, and meanwhile, the other cases including traditional model without the sparse constraints can be seen as its extensions. The BGA based on sparse bilevel programming has advantages of “no need of convexity of the model.” Moreover, it is feasible without the need to disclose the private information to others; therefore, privacies are protected and system scalability is kept. Simulation results validate the proposed approach has good performance in maximizing social welfare and balancing system energy distribution. Research limitations/implications In this paper, the authors consider the sparse constraints due to the fact that each user can only choose limited utility companies per time slot. In reality, there exist some other sparse cases, which deserve further study in the future. Originality/value To the best of the authors’ knowledge, this is one of the very first studies to address pricing problems for the smart grid with consideration of sparse constraints and integration of distributed energy and storage devices.